Porter & Co. Black Label Podcast Luke Lango - Everything Tech
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Jan 8, 2026 In this engaging discussion, Luke Lango, a Senior Investment Analyst at InvestorPlace, shares insights on the future of technology investments. He highlights the potential for a computing glut and the economic value AI brings. Luke explains how hyperscalers' strategies are evolving around chip lifespan and the emergence of custom silicon. He also dives into Google's unique advantages and offers stock picks like Credo and Lumentum, predicting a shift toward automation and foundational models in the tech landscape.
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AI CapEx Keeps Cyclical Hardware Alive
- Hyperscaler AI CapEx is still accelerating and feeding cyclical hardware winners for now.
- Luke Lango warns derivative cyclical names will boom while big cloud spend continues.
Compute Demand Likely Remains Secular
- History shows memory gluts didn't cause compute gluts and cloud providers remained insulated.
- Lango believes a compute glut is unlikely for the next five to ten years given secular demand.
GPUs Last Longer Because Of Scarcity And Cooling
- Hyperscalers extended GPU useful lives from ~3 to 5–6 years due to scarcity and tech improvements.
- Longer lives reduce depreciation expense and support current earnings reports, says Lango.